Pepsico

ARTICLES ABOUT PEPSICO BY DATE - PAGE 2

NEW DELHI: PepsiCo India has divested its four plants in North India to its bottling partner Varun Beverages, a part of RJ Corp, as part of a franchise agreement. "This transaction is aligned with PepsiCo's long-term strategy to grow our business in India, which is an important strategic market," PepsiCo India Chairman and CEO D Shivakumar said in a statement. He further said: "We are expanding our partnership with a strategic partner who understands the local market and has continually demonstrated the ability to drive synergies and deliver strong market execution.

NEW DELHI: PepsiCo has divested its entire company-owned bottling operations in North India to its franchisee bottling partner Varun Beverages in a move that the US beverages and snacks major hopes will help it step up its fight for market share with Coca-Cola. "We are expanding our partnership with a strategic partner who understands the local market and has continually demonstrated the ability to drive synergies and deliver strong market execution," said D Shivakumar, chairman and CEO at PepsiCo India . The deal comprises transfer of four plants and two co-packing units spread across Uttar Pradesh, Haryana, Chandigarh, Uttaranchal, Himachal Pradesh and Punjab with over 900 direct employees.

By Duane D Stanford ATLANTA: PepsiCo recently elevated three executives into bigger roles, marking the next wave of leadership at a company that has lost talent at the very top. Oswald Barckhahn, president of nutrition in North America; Laxman Narasimhan, CEO of foods in Latin America; and Mike Spanos, CEO of the greater China region, all were promoted in September. While none of the executives is yet seen as a successor to CEO Indra Nooyi , the company is trying to replenish its talent pool after a number of high-level departures.

NEW DELHI: US pharmaceutical companies may be gunning for India's patent regime, but New Delhi has found a prominent MNC ally in this high-profile dispute. Indra Nooyi-headed Pepsi-Co has backed India's regime of intellectual property rights, it said in comments to the US Trade Representative. PepsiCo, the $66 billion food and beverage giant, joins other USheadquartered companies such as aircraft maker Boeing and conglomerate Honeywell Inc , which earlier this year expressed satisfaction with India's IPR policy regime before the US Trade Representative's office, which is reviewing the effectiveness of the country's policies in protecting innovation.

NEW DELHI: Multinational organisations including PepsiCo and industry associations like IPA , have come in favour of India's intellectual property regime, which is being reviewed by the US administration. In its submission to the US Trade Representative, Indian Pharmaceutical Alliance (IPA) said complaints against the Indian patent regime ought to be viewed in the light of the overall record. Between January 2005 and 10 October 2014, India has granted 1,039 patents to domestic companies, while 3,575 patents have been granted to foreign firms, it said.

NEW DELHI: After six quarters of back-toback single-digit volume growth, top soft drinks makers Coca-Cola and PepsiCo have returned to double-digit volume growth in the July-September quarter, riding mainly on continued warm weather conditions in several parts of India. Industry officials, however, remain cautious in their outlook for the next couple of quarters, with the impact of the 5% excise duty increase on new bottles announced in the Union budget kicking in from mid-September.

NEW DELHI: PepsiCo India's revenue grew in double digits for nine months ended September 6, 2014 making the country amongst the fastest growing emerging markets for the global beverages and snack giant. "Our developing and emerging markets business has proven to be resilient with high single-digit organic revenue growth year-to-date, including double-digit growth in Egypt and India," PepsiCo Inc Chairman and CEO Indra Nooyi said in an earnings call. "Even though the political environments are relatively stable, GDP and consumer spending growth remains mixed.

Armed with an MBA from INSEAD and stints at InBev and Godrej, when Shalini Puchalapalli signed up with PepsiCo as a lateral hire a few years back, little did she know that her career would be put on leadership overdrive at the beverages-to-foods major. Identified as a high potential (approx. 15% of the employees), Puchalapalli was responsible for PepsiCo being the first company to use online reverse auctions in India. At the company's Gurgaon head office, Puchalapalli, also among ET's top 40 leaders under the age of 40, is now shadowing PepsiCo India CEO D Shivakumar for a two-week stretch to gain insights into the top job. As CEO and Senior Director of PepsiCo subsidiary Lehar Foods, her bird's eye view exposure will be invaluable.

NEW DELHI: Top performers at PepsiCo India can look forward to a cracker of a Diwali. Apart from the annual global rewards programme, vying for the chance to go to New York to meet PepsiCo's senior leadership team as well as colleagues from different regions for four-five days, top performers in the foods business could get free tickets for cricket World Cup 2015 in Australia this festive season. In the war for talent in the resurgent job market, companies are thinking of big and frequent rewards for top talent.

NEW DELHI: Sangeeta Sabharwal, managing partner of executive search firm Taplow Group in India, is working on a critical mandate to recruit an Indian strategist for a global IT product company in China. Her search has led her to conclude that demand for Indian talent in China is on an upswing. "Earlier, it was Indian companies, but now global MNCs are looking at hiring Indian talent in senior roles there," she says. The Chinese are known for a tendency to obey, whereas Indians can think out of the box and challenge the status quo, which is important in roles like strategy, she adds.